The Board has established the following Committees:
Audit, Finance & Investment Committee: reviews the integrity of financial reporting and disclosure, the associated accounting policies, internal controls, and compliance and legal regulatory requirements, and assesses the financial
and investment risks that the Fund is exposed to and ensures that adequate management controls are in place to minimize such risk.
Governance, Nominating & Human Resources Committee: reviews the effectiveness of CIPF’s corporate governance system and the human resource risks that CIPF is exposed to and ensures that adequate management controls and processes are in place to minimize such risk.
Coverage Committee: is responsible for the oversight of the claims process. It is also responsible for recommending Coverage Policy changes to the Board, supervising insolvency proceedings and related litigation, and recommending changes to the CIPF Disclosure Policy to the Board.
Risk Committee: is responsible to monitor the adequacy of the two segregated funds resources in relation to the risk each is exposed to due to the failure of a member firm. It also ensures procedures are in place to monitor the adequacy of SRO Capital Requirements and to identify and respond to member firms that may pose a risk to CIPF’s available liquidity resources.